You may qualify for compensation if you have sustained injuries in a semi-truck accident due to another driver’s negligence. Getting fair compensation is never easy since the insurance company may want to pay you less than what you qualify for. A lawyer can help you file a semi-truck accident lawsuit to claim what you deserve.
An Overview of the Semi Truck Accident Lawsuit
Accidents involving trucks and semi-trucks often leave a victim with internal organ damage, broken bones, or paralysis. The victim might be hospitalized for a long time and may go for months or years without working. Insurance companies can be reluctant to pay victims a fair settlement, leaving the victim with no choice but to file a semi-truck accident lawsuit.
Legal battles between accident victims and insurance companies may take years to resolve. Insurance companies aim to make the victim accept a lower settlement. The accident victim and their family may suffer financially due to high medical costs and monthly expenses that require paying. What should you do to ease your financial hassle and wait for your attorney to fight for a fair settlement? You can consider getting a lawsuit loan.
What Is a Lawsuit Loan?
If you are in the process of fighting for a fair settlement, you might qualify for a lawsuit loan. The loan allows you to get a cash advance on your pending settlement. You will not pay back the cash advance if the court doesn’t rule in your favor.
What Factors Do Lenders Consider Before Approving Lawsuit Loans?
Most lenders give cash advances depending on the quality of the victim’s case. Factors lenders consider to determine the quality of any case include:
Semi-trucks work with large insurance companies that offer large insurance policies. A semi-truck may have a maximum weight of 80,000 pounds, which can cause severe damage in case of an accident. To receive a lawsuit loan, most lenders demand that you must have an insurance company that owes you compensation.
Have you suffered damages due to the accident? Damages may include:
• Property damage
• Potential loss of income
• Lost wages
• Medical expenses
• Pain and suffering
• Permanent disability
The compensation you get from the insurance company depends on the severity of your damage. The amount of cash advance the lenders will give you will depend on the damage you have incurred.
Is the semi-truck driver at fault? The lenders require clear evidence that the accident happened due to the truck driver’s negligence. Evidence may include expert reports, witnesses, or video taken at the accident scene.
You may require a lawyer on a contingency fee basis to qualify for funding. Having a lawyer can increase the strength of your case. If your lawyer agrees to work on a contingency fee basis, they are hoping you will win the case.
Why Go for a Lawsuit Loan?
Doesn’t Factor in Your Financial History
Do you have a low credit score? Lawsuit loan lenders don’t consider it when giving you a loan. You only need to have a semi-truck accident lawsuit and you may be able to get a good court award.
Allows You to Focus on Your Health
If your medical insurance can’t cover all the necessary medication costs, you may not be able to afford treatment. Getting a cash advance can help you prioritize your health.
Doesn’t Have a Limitation on How You Spend the Money
Lawsuit loans don’t restrict the manner in which you spend your money. You can use the money on medication, paying bills, or any other way you want. If your vehicle got completely damaged during the accident, you could use the money to buy a new one to help you move around easily.
Many lenders approve your loan within 24 hours after application. The application process is done online using your phone and gets approved immediately. You won’t have to deal with lengthy paperwork like banks and other financial institutions.
No Hidden Charges
Lenders will not require money from you to approve your loan. You get the loan as long as you meet the qualification required by the lenders.
You can get great benefits from a semi-truck accident lawsuit. Work with reputable lenders to get top-quality deals without hidden fees or money limitations. You don’t have to worry about waiting for money after a semi-truck accident.